ASE Fell By 37.6% In Q3
ASE General Index recorded losses of 37.6% in the third quarter of 2011 with only 15 upward sessions, while banks posted losses of 52% for the same period.
Figures illustrate eloquently the dire situation in the Athens Stock Exchange, amid government’s failures to implement the fiscal adjustment program, while European policymakers struggle to fight the debt crisis.
They also reflect uncertainty, insecurity and distress of the market for the domestic political scene regarding the guidance of Greek economic team in discussions with the international lenders.
The General Index declined by 12.83% for the month, while banks lost 18.23%.
Market analysts insist that despite the decline in the domestic exchange, the market seems unable to react substantially, as the absence of any positive catalyst cannot provided anything more than short-lived upward surges.
Banks remain at the centre of concern and are the main reason for the lack of visibility until the end of the PSI program and the BlackRock audit of loan portfolios.
On Friday, the General Index ended at 798.42 points with mild losses of 0.52%, moving into negative territory throughout the trading session, rebounding from intraday losses of 2.13%.
The trading volume was 18.92 million units of total value €38.53 million, while a total amount of 71 shares declined, 47 rose and 159 remained unchanged.
Banks, which also trimmed intraday losses of 2.51%, ended at 469.18 units with losses of 0.58%, while only Marfin Popular Bank and Attica Bank posted profits.
Marfin Popular Bank and Ellaktor topped FSTE20 with gains of 5.88% and 5.04% respectively, while Viohalco and OPAP rose by 0.9% and 0.66% respectively.
MIG, Piraeus Bank, ELPE and OTE remained unchanged.
Alpha Bank and Eurobank declined by 3.62% and 3.13%, while Hellenic Postbank, Coca Cola 3E and Mytilineos posted losses of 1.2%-1.3%. PPC and Titan fell by 1.15% and 1.08%, while Bank of Cyprus, National Bank, Folli Follie, Jumbo and Motor Oil posted minor losses.
(capital.gr)